A.I.M. Users Bulletin Board

[lrp42]

Hi Mike,

I have used both 2X long and short ETFs in the past.

However, the 2X inverse ETFs are short-term trades for me and I don't AIM them, per se. I have purchased them in the past when they enter an extreme OverSold condition, like at the present time. I use the Wm%R technical indicator and a 21 day moving average to determine overbought and oversold conditions. I bought three of them this past Thursday with a small portion of my money (SDS, QID and TWM). I don't expect to hold them very long....just make some quick profits on a market pullback. Probably won't hold them more than a few weeks.

The 2X and 3X long ETFs are excellent AIM or EZM candidates because of their extra volatility. JMO.

Ray